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Former hardcore hawk, the Bank of England pulled ahead of the Federal Reserve by rejoining the global race to the bottom. And it did so with what is being called a weird three-way split. The split was neither weird nor much of one. Instead what BoE did - and why - has already shown up here in the US. The latest confirmation comes from the Fed's very own data where job fears have exploded for the same reason(s) BoE is acting. Eurodollar University's Money & Macro Analysis Bank of England MPR May 2025 https://www.bankofengland.co.uk/monetary-policy-report/2025/may-2025 FOMC Chair May 2025 press conference https://www.youtube.com/watch?v=8oX4RCJJXAM https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20250507.pdf https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |